http://www.ft.com/cms/s/0/0190e230-12d7-11de-9848-0000779fd2ac.html?nclick_check=1

Teresa Ter-Minassian, an adviser to IMF managing director Dominique Strauss-Kahn, told reporters that the IMF now expects the world economy will shrink by 0.6 per cent this year, with a 5 per cent contraction in Japan, down from the 2.6 per cent contraction expected in the fund’s last official forecast in January.

The IMF said the figures were “unofficial and already out of date”. They were based on forecasts drawn up in late February.

Japan’s major banks have already raised preferred shares and securities to bolster core tier one capital, though the markets’ willingness to provide more funding is unclear.

The BoJ said its loans would be made available to leading banks as a backstop should they need help in shoring up capital bases eroded by losses and falls in the value of their investments.

contraction 短縮(すること), 収縮

draw up 〈文書を〉作成する

bolster 〈(一本立ちできない)主義・組織などを〉支持する

backstop 補強，支え

http://www.ft.com/cms/s/0/934d1b36-11ff-11de-b816-0000779fd2ac.html

The changes reflect concern within Hitachi about the scale of this year’s expected losses – equivalent to almost a third of shareholders’ equity as of March 2008 – but analysts were sceptical that the move would lead to radical change at the sprawling group.

In response, Hitachi promised on Monday to cut costs by Y500bn, equivalent to 4.6 per cent of last year’s operating expenses. Of that, Y200bn will be cuts to fixed costs and Y300bn will come from a lower procurement bill, which is falling anyway because of raw material price declines.

Etsuhiko Shoyama, outgoing chairman and former president, will remain on the board and is likely to wield influence, as will outgoing president Kazuo Furukawa, who will also stay on the board as deputy chairman.

sprawling 不規則に広がる[伸びる],手足をぶざまに伸ばした.

procurement 調達，買い上げ

wield 〈権力・武力などを〉ふるう，掌握する

deputy 代理(人)